Inquire Into The Key Issues Of Monetary And Financial Cooperation In East Asia

This paper, which is based on the achievements of the other's related research, utilizes the theories of monetary integration, with consideration of the realities of East Asia, to analyze connotation of monetary and financial cooperation, and inquire into the key issues of East Asian monetary and financial cooperation, as well as the strategies of East Asian countries adapted in monetary and financial cooperation. This paper is composed of four chapters as follows:Chapter one touches upon the argumentation with regard to the concepts and connotation of monetary and financial cooperation in East Asia. It sums up the background of the rise of monetary and financial cooperation in East Asia, then, makes deep exploration of the connotation of monetary and financial cooperation into four parts as share with information, with exchange reserves, finance innovation and cooperation, and exchange adjustment.Chapter two introduces the development of the theories of monetary integration since 1960's and it also makes empirical as well as comparative studies on monetary financial cooperation in Europe and East Asia.Chapter three, probes into the topics on monetary and financial cooperation in East Asia. It tracks back briefly the development of monetary and financial cooperation in East Asia after financial crisis in 1997, and the latest development of cooperation of Swap Arrangements and Asia bond market after Chiang Mai Initiative. It also makes in-depth the problems existed in East Asian financial cooperation.Chapter four describes the significance and challenges for China in participation in East Asia monetary and finance cooperation, the strategic measures adopted by China in regional financial cooperation are also introduced.In general, this paper finds the conclusion that the single is only to be aimed as a goal in long-term regional cooperation, and the Swap Arrangements under the frame of Chiang Mai Initiative and Asian bond market cooperation could be the short-term goals.However, the future of East Asian regional monetary and finance cooperation is bright. There will be a good return from investment in regional monetary and financial cooperation, if the participant nations are adopting wise development strategies and with the building of proper environment.